Uber Is Said to Boost Junk-Bond Offering to $2 Billion

The video discusses Uber's valuation, highlighting the $120 billion figure and its feasibility. It examines Uber's business model, questioning its cash generation capabilities amidst losses and new ventures like scooters and food delivery. The video also covers Uber's strategic move in the debt market, raising funds through junk bonds without bank syndication, to prepare for a public offering.

What implications does Uber's investment in scooters and food delivery have on its overall business strategy?

Evaluate the statement: 'Uber's losses are justified because they are growing.' What are your thoughts?